Diamond Model

Description

Flashcards on Diamond Model, created by Peter Hazlett on 19/10/2018.
Peter Hazlett
Flashcards by Peter Hazlett, updated more than 1 year ago
Peter Hazlett
Created by Peter Hazlett over 5 years ago
26
2

Resource summary

Question Answer
Population
Technology
Real Interest Rate
Wage per unit of effective worker
Individual Utility Function
Income (Budget Constraint)
Consumption in Period 1
Savings Rate
Dynamics of Capital
Dynamics of Capital per unit of effective labor
Dynamics of Capital per unit of effective labor with a Logarithmic Utility Function and Cobb-Douglas Production Function
Dynamic Inefficiency Whenever f'(k)=r>n=f'(k_GR), the economy is dynamically inefficient.
Steady-State Value of Capital per unit of effective worker (Log U and CD PF)
f'(k*) (Log U and CD PF)
Golden Rule (Log U and CD PF)
Comparing f'(k*) with f'(k_GR) (Log U and CD PF)
Introducing Government Into Dynamics of Capital per unit of effective labor (Log U and CD PF)
Show full summary Hide full summary

Similar

Crime and Deviance with sociological methods key terms
emzelise1996
CHEMISTRY C1 6
x_clairey_x
An Inspector Calls - Themes
Emily Simms
Religious Studies- Marriage and the family
Emma Samieh-Tucker
Physics GCSE AQA Unit 1 quiz
Adorkable_dreamer
Anatomy and Physiology - BIO 111 - Test #1 Flashcards
ajudkins
ASIENTOS DE AJUSTE FINAL Y PREPARACION DE ESTADOS FINANCIEROS
Majo Herrera
CHEMISTRY TEST
kingi kigongo
Část 3.
Gábi Krsková
Část 6.
Gábi Krsková
How to Study Smart
Abdou Mohamed